As per to the sources saying @ the www.propertykhazana.com, a new housing loan product has been launched by State Bank of India which makes other banks go with jealous, by introducing ‘Green Homes’ the country’s biggest bank have to support rated environment friendly housing ventures with declined margin, less interest rate and zilch processing fee on housing loans to descrying purchasers. A Green Home, as said by IGBC – is the one which utilizes less energy, water and natural resources, forms less waste and is healthier for the people living inside compared to a standard building. The council is a part of the Confederation of Indian Industry, Sohrabji Godrej Green Business Centre and Proprietor of Green Homes is hoping to gather profits in the form of about 30-40% energy savings as the flats are planned in such a way that they can enjoy sufficient natural light whole day.

Senior officer of SBI said to www.propertykhazana.com that, “Our attempt is to help rated eco-friendly housing ventures; we have proclaimed simple loan terms for potential residence purchasers. Our progress is also supporting the builders to come out with such ventures.” Bank which launched the Green Homes product, few months ago was backing green housing ventures by Tata Housing and Mahindra’s. The construction material utilized in such kind of residences certifies ample thermal storage mass for saving heat energy, so maintaining the interiors cool in spite of the heat outside. In addition, water savings, anyplace among 40-60% can be made on account of rain-water harvesting and recycling.
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